Quick Answer: Precept Financial Solutions collected $3,400 upfront from a Texas consumer but only settled one of five debts before disappearing and becoming unreachable. The company appears to have gone out of business around 2007, leaving clients vulnerable to lawsuits from unpaid creditors.
Date This Problem Happened: Sunday, July 8, 2007
State You Live in: Texas
Age Range: 36-50
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Company Name: Precept Financial Solutions
Company Address: 12225 Greenville Avenue, Suite 300, Dallas, Tx 75243
Website of Company: http://www.preceptfinancial.com
Consumer Statement: Precept Financial offered to negotiate settlement terms on our behalf. They instructed us to pay them money up front while stopping our payments to our creditors. They instructed us to send all creditor letters to them. After making payments to them for about a year. They negotiated a settlement for one of our five vendors. After that, they did nothing. They don’t answer phones; they don’t return phone calls; they don’t respond to faxes; they just do nothing.
Now a debt collector is suing us and we don’t know what to do.
Note: A check of the website simply results in a blank page. The BBB says it appears the company is no longer in business. – Source. A search of bankruptcy filings did not identify that Precept Financial Solutions has filed for bankruptcy. It looks like they have just fallen off the radar.
PreceptFinancial.com is owned by:
Robert Ward
PO Box 740126
Dallas, Texas 75374-0126
bward@preceptfinancial.com
Texas corporate records say the registered agent is:
TODD HAYES
520 CENTRAL PARKWAY EAST, SUITE 116
PLANO, TX 75074
They also indicate the corporation is not in good standing so it appears they have wandered out of business and left the consumer stranded. You may want to click here to find a local bankruptcy attorney to stop the lawsuit and discharge the debt.
If you would like to file a scam report, please click here or complete the form below.
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